Unfortunately, when people buy a house, they don’t receive complete information about a house, and then it leads to misunderstanding and deal non-starter. Analytical tools that use big data help agents make accurate appraisals and show customers a real price for that or another building. Also, big data allows agents to collect other useful information about a district, neighborhood, so customers will have all the information they want to know.
Benefits for the company
If the price is real and it is estimated considering all the factors that impact the prices heavily, both parties get their profit and it gives positive exerience to the buyers.
Type of expertise/ AI domain
Big Data Analytics
Internal data required
Property Price trends, Historic Property data, Customer Demographic Data
External data possible
Public Data, Demographics Data, Market Information, price/square meter, neighbourhood quality, etc